Sentences with phrase «death of the annuitant»

Annuity for life with a provision for 100 % of the annuity payable to spouse on death of annuitant with return of purchase price on death of the last survivor.

In case of death of annuitant during chosen term, nominee will continue to receive the annuity for balance term

The plan offers the return of purchase price to the nominee after death of the annuitants.

Under annuity option B, in the event of death of the annuitant during the Guaranteed Period of 5 years, the annuity is payable to the nominee till the end of this Guaranteed period.

Death Benefit — In case of death of the Annuitant within the Policy Tenure, the nominee will receive the following: -

On the unfortunate death of the annuitant, the nominee receives the purchase price of the policy and then the policy terminates.

The insurer earns 4.5 % on its investments, and additional money of 3.5 - 5.0 % from deaths of annuitants supports the payments of those living, with 1 % to cover commissions, administration, and profits.

On death of the annuitant before vesting, higher of the Fund Value or a Guaranteed Benefit of 105 % of all premiums paid till death is paid to the nominee who can withdraw the entire amount in lump sum or use it to purchase annuity from the company

Life Annuity Certain for 20 Years: On death death of annuitant during the first 20 policy years, annuity is payable till the end of this period to the nominee / legal heir.

Further, annuity shall be paid during the life time of the annuitant with the following provisions on death of the annuitant for different options as follows:

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

The Annuity payment stops on death of the annuitant.

On the unfortunate death of the annuitant, the nominee receives the amount that was paid for the Single Premium and then the policy terminates.

An option / rider that refunds premiums paid into an annuity less cumulative income payments made, upon the death of the annuitant.

What benefit is paid at the death of the annuitant, if the annuity contract is owned by another individual?

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

It finally turned to the joint and several liability rule under the Income Tax Act, which says that upon the death of the annuitant of a RRIF, the annuitant (or the annuitant's estate) and any recipient of RRIF proceeds are «jointly and severally liable to pay a part of the annuitant's tax» on the RRIF for the year of the annuitant's death.

And, if the death of the annuitant were to occur in months four, five, or six, then the death benefit percentage goes to 25.

Some contracts will also pay out upon the death of the annuitant (these are called «annuitant - driven» contracts).

A spouse is eligible for a reduced annuity, after the death of an annuitant, if the annuitant elected a spousal benefit when he / she retired.

Normally, except in the event of the death of the annuitant, the term to maturity of a segregated - fund policy is 10 years.

The amount that a segregated fund policy agrees to pay to the beneficiary or the estate on the death of the annuitant.

Single life annuities provide the highest income due to the fact that payments stop on the death of the annuitant.

Life annuity payments that continue until the death of both annuitants.

Beneficiary: The Beneficiary is the designated individual or organization who will receive the value of a Registered Plan upon the death of the Annuitant.

What happens at the death of the annuitant on an annuity contract that is owned by a retirement plan?

What benefit is paid at the death of the annuitant, if the annuity contract is owned by another individual?

Wherein, in case of the death of the both the annuitants, the policy tends to cease.

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

On death of the annuitant, annuity payouts cease under the first option.

It pays a regular stream of income during the lifetime of the annuitant and further continues for the life of the spouse after the death of the annuitant.

It pays a regular income during the lifetime of the annuitant and returns the single premium to the nominee on the death of the annuitant to take care of the family.

The payout stops on the death of the annuitant.

On death of the annuitant, 50 % of the prevailing annuity is payable to the spouse, as long as the spouse is alive

A pure life annuity ceases to make payments on the death of the annuitant.

Such a contract is purchased with a single payment and makes payments until the death of the annuitant (s).

Most annuity payments cease upon the death of the annuitant (this is what makes them different from regular life insurance policies, which generally make a payment to a beneficiary upon the death of the insured).

Lifetime Income with cash - back — This option in addition to giving a regular stream of income throughout the life of the annuitant, and, returns the purchase price to the nominee upon the death of the annuitant.

Last survivor Lifetime Income — It along with giving a regular stream of income throughout annuitant's life, also continues it after the death of the annuitant to the surviving spouse of annuitant.

The income continues irrespective of the death of the annuitant during the guaranteed period and for annuitant's life in case of her / his survival after the guaranteed period.

The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant.

• On death of the annuitant, the annuity payments will cease and no further benefits will be payable

• On death of the annuitant, death benefit is payable as lumpsum to the nominee and no further amount will be payable.

If there are multiple beneficiaries, the money is divided and paid out after the death of the annuitant.